Ripple RLUSD Gains Traction as Euler Finance Adds Support — Here’s How Users Benefit

Ripple just made a big move in the stablecoin world. Their new RLUSD token is designed for banks and big companies who want crypto without the crazy price swings. The token stays pegged to the dollar, which makes it perfect for institutions that need stability. Regular crypto is too wild for most traditional finance players.

Euler Finance just added RLUSD to their platform. This is huge news for anyone who wants to do more with their stablecoins. The DeFi lending platform announced the integration through their official channels. Euler Finance said that Ripple’s institutional-grade stablecoin is now live on their system.

Here is How Users Benefit

Users can now do three main things with RLUSD on Euler. They can borrow it when they need liquidity. They can lend it out to earn interest on their holdings. Or they can use it as collateral to secure other types of loans. This opens up real opportunities to put RLUSD to work. Before this, people mostly just held the token or traded it.

Euler isn’t just listing the token and walking away. They’re offering incentives to get people actually using RLUSD on their platform. Lenders who supply RLUSD liquidity can earn extra rewards. It’s basically a bonus program to kickstart adoption.

RLUSD Growing Role in DeFi’s Future

This Euler deal is just one piece of a bigger puzzle. RLUSD has been gaining ground across multiple fronts. Major exchanges like Gemini and Bitget have already listed the token. It’s also plugged into Ripple’s payment network and Hidden Road’s $1.25 billion institutional system.

The numbers tell the story. RLUSD now has over $300 million in market cap. That’s serious money flowing into what’s still a pretty new stablecoin. Institutional investors clearly see something they like. The regulated nature of RLUSD makes it more appealing than typical crypto offerings.

Read Also: Can Zebec (ZBCN) Surge 20x to Hit $0.10 in the Bull Run?

This fits into something bigger happening in DeFi. Stablecoins are becoming the backbone of lending and borrowing platforms. Having institutional-grade options like RLUSD makes the whole space look more legitimate.

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Author

  • Ayomide is a crypto, blockchain and finance writer with with four years of experience. She enjoys exploring ideas and sharing insights on a variety of topics within the web3 niche. Writing is not just a profession for Ayomide; it's a passion.

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